Banking News

The prospect of record low savings rates continuing is forcing many savers to review how they allocate their capital in an attempt to achieve the level of returns they have previously enjoyed. Investing in the stock market inevitably involves putting your capital at risk however there is a middle ground which continues to attract increasing interest – the structured deposit. With this in mind, we take a deeper look at this savings alternative to help understand why more and more savers are starting to see their appeal. more

With the current economic environment asking savers far more questions than it gives answers, it is good to know that there are alternatives available. We take a look at one such alternative that is proving particularly popular as savers face the harsh reality that the more traditional fixed rate savings products are failing to meet their needs. more

Millions of savers are facing the harsh realisty that there is little hope of change to interest and savings rates in the coming years. However, those with Cash ISAs do have one further option to consider – the ISA transfer. We take a closer look at why this is becoming a rising trend as well as what this could mean for those looking for the potential to improve the returns from their capital. more

With so many savers joining income investors in the hunt for high yields, being able to quickly understand and compare the numerous options available has become even more important. We therefore compare two of our most popular income investments to help understand what is driving their popularity and why they might meet your income needs. more

'Online comparison can save you thousands', claims website

28 April 2006

Although comparing financial products may not be everyone's idea of spending a perfect few hours on a Saturday, it could save you thousands of pounds.

This is the view of financial comparison website Moneysupermarket.com, which has stressed the importance and potentially substantial financial benefits of shopping around.

By using the vast array of tools at your disposal these days, particularly online comparison services, the savings you can make can quickly mount up, even in the space of just a few hours research, says Peter Gerrard, senior researcher for Moneysupermarket.com.

"If you spend an hour or an hour and a half, you could save as much as £3,000," Mr Gerrard insisted. "That is a lot of money to save for a small amount of time.

"Our site guides you through the process [and] we cut the time out of shopping around," he claimed.

As consumers we have all the tools for financial savings at our beck and call, the website insists, and so there is no reason not to use them.